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Tata Motors shareholders have noticed that their TMLCV shares are not appearing in trading apps, despite being credited; Know why
Tata Motors Demerger
Tata Motors Passenger Vehicles Demerger: Tata Motors shareholders have noticed that their TML Commercial Vehicles Limited (TMLCV) shares are not appearing in trading apps, despite being credited to their demat accounts.
Why Tata Motors Commercial Vehicle Shares Don’t Appear In Your Portfolio Post-Allotment
The reason is that although the shares have been allotted, they cannot be traded until the stock exchanges approve their listing.
TMLCV is in the process of listing on both BSE and NSE, a procedure that usually takes 45–60 days from the submission of the listing application. Until this approval is granted, the shares remain temporarily frozen in demat accounts.
The temporary restriction ensures that TMLCV shares are properly listed before trading begins. As a result, investors will not be able to see or trade these shares in their apps until the exchanges give official listing permission.
In an email to shareholders, TMLCV stated: “The Company is currently in the process of listing its equity shares on the Stock Exchanges, specifically (i) BSE Limited and (ii) National Stock Exchange of India Limited, in accordance with SEBI regulations, circulars, and other applicable provisions. The equity shares allotted to you and credited to your demat account will remain frozen.”
Once BSE and NSE grant listing and trading permissions, shares will appear in trading apps, and shareholders will be able to transact normally. The company will notify investors when trading becomes active.
TaMo Turns TMVP
Starting October 24, Tata Motors shares will trade under the new name Tata Motors Passenger Vehicles (TMPV). The BSE updated the scrip ID and abbreviated name on the BOLT Plus system as part of the renaming process.
This renaming follows the broader demerger of Tata Motors’ commercial vehicle (CV) and passenger vehicle (PV) operations. The scheme assigns the CV business to continue under the original Tata Motors name, while the PV business — including electric vehicles (EVs) and Jaguar Land Rover (JLR) — now operates under TMPV.
Demerger Details
The demerger officially took effect on October 1, with a 1:1 share entitlement: shareholders received one share in TMLCV for each Tata Motors share held. The record date for this allocation was October 14.
Tata Motors first announced the demerger plan in March 2024, aiming for operational independence, faster decision-making, and better capital allocation. The passenger vehicle unit now includes domestic cars, EVs, and JLR, while the commercial division focuses on trucks, buses, and defense mobility solutions.
Analyst Views
Following the record date, Tata Motors’ stock dropped roughly 40%, a technical adjustment reflecting independent valuations rather than actual losses. Analysts believe the demerger provides better visibility for each segment:
- Nomura: TMPV Rs 367 | TMLCV Rs 365 (noting short-term technical volatility)
- SBI Securities: TMPV Rs 285–384 | TMLCV Rs 320–470 (supported by JLR’s improving profitability)
The CV business is expected to list separately in the coming weeks, pending regulatory approvals.
With the launch of TMPV, Tata Motors has officially separated its longstanding commercial vehicle operations from passenger and electric vehicle segments, marking a new era for the company and providing investors with clearer insights into each business’s value and growth potential.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
October 24, 2025, 11:23 IST
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